{"id":27973,"date":"2024-10-23T13:30:00","date_gmt":"2024-10-23T05:30:00","guid":{"rendered":"https:\/\/www.tejwin.com\/?post_type=insight&#038;p=27973"},"modified":"2025-11-03T14:27:25","modified_gmt":"2025-11-03T06:27:25","slug":"what-is-treasury-stocks","status":"publish","type":"insight","link":"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/","title":{"rendered":"Treasury Stock: A Strategic Tool for Corporate Flexibility and Value Management"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized caption-align-center\"><img fetchpriority=\"high\" decoding=\"async\" width=\"817\" height=\"586\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\u5eab\u85cf\u80a1-1.png\" alt=\"What are treasury stocks? It refers to the shares a company buys back and holds for itself.\" class=\"wp-image-28760\" style=\"width:900px\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\u5eab\u85cf\u80a1-1.png 817w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u5eab\u85cf\u80a1-1-300x215.png 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u5eab\u85cf\u80a1-1-150x108.png 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u5eab\u85cf\u80a1-1-768x551.png 768w\" sizes=\"(max-width: 817px) 100vw, 817px\" \/><figcaption class=\"wp-element-caption\">Photo by\u00a0<a class=\"ek-link\" href=\"https:\/\/unsplash.com\/@jp_shoots\" target=\"_blank\" rel=\"noopener\">Pamela Buenrostro<\/a>\u00a0on <a href=\"https:\/\/unsplash.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">unsplash<\/a><\/figcaption><\/figure>\n\n\n\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d3c3c7ddbcc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d3c3c7ddbcc\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#Preface\" >Preface<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#Why_Do_Companies_Repurchase_Treasury_Stock\" >Why Do Companies Repurchase Treasury Stock?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#A_Tool_for_Capital_Structure_Optimization\" >A Tool for Capital Structure Optimization<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#Employee_Incentives_and_Mitigating_Agency_Problems\" >Employee Incentives and Mitigating Agency Problems<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#An_Alternative_to_Dividend_Payouts\" >An Alternative to Dividend Payouts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#Defense_Against_Hostile_Takeovers\" >Defense Against Hostile Takeovers<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#Key_Considerations_for_Companies_Repurchasing_Treasury_Stock\" >Key Considerations for Companies Repurchasing Treasury Stock<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#Liquidity_Concerns\" >Liquidity Concerns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#Risks_Associated_with_Stock_Price_Rebound\" >Risks Associated with Stock Price Rebound<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#Frequently_Asked_Questions_About_Treasury_Stock\" >Frequently Asked Questions About Treasury Stock<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#How_is_the_Buyback_Price_Determined_Are_There_Any_Restrictions\" >How is the Buyback Price Determined? Are There Any Restrictions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#Is_a_Company_Required_to_Disclose_Buyback_Progress\" >Is a Company Required to Disclose Buyback Progress?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#When_Must_Treasury_Stock_Be_Retired\" >When Must Treasury Stock Be Retired?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#How_to_Track_Treasury_Stock_Buyback_Activities\" >How to Track Treasury Stock Buyback Activities<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#Tracking_Method_1_Market_Observation_Post_System_MOPS\" >Tracking Method 1: Market Observation Post System (MOPS)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#Tracking_Method_2_TEJ_Event-Driven_Data\" >Tracking Method 2: TEJ Event-Driven Data<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#TEJ_Data_Solutions_for_Event-Driven_Investment\" >TEJ Data Solutions for Event-Driven Investment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.tejwin.com\/en\/insight\/what-is-treasury-stocks\/#Extended_Reading\" >Extended Reading<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Preface\"><\/span>Preface<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When a company announces a stock buyback, it is often perceived as a bullish signal, attracting investors. However, what motivates a company to buy back its own shares? Before following the trend, what key factors should investors consider? This article provides a comprehensive yet accessible explanation of treasury stock and its implications.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Before delving into treasury stock, it is essential to understand the requirements for companies to be listed in Taiwan. A company must have a minimum capital of NT$600 million and issue at least 30 million common shares. Once listed, these shares are publicly traded on the secondary market, where investors can buy and sell them as outstanding shares.&nbsp;&nbsp;<\/p>\n\n\n\n<p>So, what exactly is treasury stock? Simply put, treasury stock refers to shares that a company repurchases using its own cash. These shares can either be held for future issuance or retired permanently, removing them from market circulation. Typically, companies set an upper limit on the number of shares they plan to buy back. However, the actual number of shares repurchased determines the execution rate\u2014the ratio of shares actually repurchased to the total planned buyback volume. A high execution rate indicates aggressive buybacks, whereas a low execution rate suggests the company may be exercising caution based on market conditions.<\/p>\n\n\n\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Do_Companies_Repurchase_Treasury_Stock\"><\/span><strong>Why Do Companies Repurchase Treasury Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Companies repurchase treasury stock for several strategic reasons, including capital structure optimization, employee incentives, shareholder returns, and defense against hostile takeovers. Here are the most common motivations:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_Tool_for_Capital_Structure_Optimization\"><\/span><strong>A Tool for Capital Structure Optimization<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Companies may repurchase shares to support the conversion of certain securities into common stock, such as convertible bonds, convertible preferred stock, and stock warrants. Holding treasury shares in reserve for such conversions helps prevent financial losses, maintain capital structure flexibility, and ensure market liquidity. By doing so, companies can stabilize their financial position and enhance investor confidence, making treasury stock a key instrument in managing market fluctuations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Employee_Incentives_and_Mitigating_Agency_Problems\"><\/span><strong>Employee Incentives and Mitigating Agency Problems<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Treasury shares are often used as part of employee compensation programs, such as stock options and profit-sharing plans. By distributing repurchased shares to employees, companies can boost morale, increase employee commitment, and align their interests with the company&#8217;s long-term growth. Employees who hold company shares are more motivated to contribute to the firm&#8217;s success, reducing agency problems by ensuring that both management and employees work toward common goals.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"An_Alternative_to_Dividend_Payouts\"><\/span><strong>An Alternative to Dividend Payouts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the U.S. stock market, share buybacks are a widely adopted method of returning value to shareholders, often preferred over dividend distributions. Many large multinational corporations attract significant foreign investment, but under U.S. tax laws, dividends paid to foreign investors are subject to a 30% withholding tax. As a result, companies frequently opt for share repurchases to increase stock prices, allowing investors to benefit through capital gains instead of taxable dividends.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Defense_Against_Hostile_Takeovers\"><\/span><strong>Defense Against Hostile Takeovers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Treasury stock can serve as a defensive measure against hostile takeovers. When faced with the threat of unwanted acquisitions, companies can buy back shares to reduce the number of outstanding shares, thereby increasing the ownership percentage of existing shareholders and strengthening control. By consolidating voting power within trusted stakeholders, companies can prevent external investors from acquiring a controlling stake, safeguarding corporate autonomy.<\/p>\n\n\n\n<div style=\"height:27px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.tejwin.com\/en\/databank-solution\/event-driven-data\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/6_AD_4nXdXnl8nIOJbxAMPtMz1R2EUEz_qSYa1NhbBWPRb_WUIidP7z3W-UWW_tWavQsE42uCH0iIvMul7eOtUzXHydQhycznr-rIS1kcE-HL4emD4Cf9vUnq8PWAxo5cbonBdfHwQJi8qkeyoSm745kh7do3OXKi14_4NomK.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Considerations_for_Companies_Repurchasing_Treasury_Stock\"><\/span><strong>Key Considerations for Companies Repurchasing Treasury Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Liquidity_Concerns\"><\/span><strong>Liquidity Concerns<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When a company decides to repurchase treasury stock, it requires a significant cash outflow, which may impact liquidity management. In the short term, substantial cash expenditures can tighten the company\u2019s cash flow, potentially affecting operational funding or investment plans. If the buyback is large, the company may need to reallocate financial resources or cut spending in other areas to maintain financial stability.<\/p>\n\n\n\n<p>Additionally, holding a large amount of treasury stock can become a financial burden if market conditions deteriorate or if the company faces unexpected liquidity needs. Therefore, companies must carefully assess their cash flow situation before initiating a buyback program to avoid disruptions to core business operations or an inability to respond to sudden financial demands.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Risks_Associated_with_Stock_Price_Rebound\"><\/span><strong>Risks Associated with Stock Price Rebound<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A share buyback announcement is often perceived by the market as a bullish signal, suggesting that the company\u2019s stock is undervalued. The announcement can drive short-term price increases. However, such buyback-induced price surges are not always sustainable.<\/p>\n\n\n\n<p>There are instances where stock prices continue to decline despite buyback efforts. A notable example is HTC (TW: 2498) in Q3 2013, when the company initiated a repurchase plan amid poor financial performance. HTC\u2019s stock continued to decline despite the buyback, demonstrating that if a company\u2019s fundamentals do not improve, buybacks alone cannot support long-term price growth.<\/p>\n\n\n\n<p>For investors, this means exercising caution when interpreting stock repurchases as a sign of strength. While buybacks may provide temporary price support, long-term stock performance ultimately depends on the company\u2019s financial health and operational success. If fundamentals remain weak, stock prices may fall back once market sentiment cools, potentially dropping below pre-buyback levels, rendering the short-term buyback effect meaningless.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_About_Treasury_Stock\"><\/span><strong>Frequently Asked Questions About Treasury Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>After discussing the various functions of treasury stock, you might be wondering\u2014what should companies be aware of when repurchasing their own shares? Below, we\u2019ve compiled some of the most common questions and their answers!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_is_the_Buyback_Price_Determined_Are_There_Any_Restrictions\"><\/span><strong>How is the Buyback Price Determined? Are There Any Restrictions?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Publicly listed companies must comply with the \u201cRegulations Governing Share Repurchases by Listed and OTC Companies\u201d and report the repurchase plan to the Financial Supervisory Commission (FSC). The buyback details, including purpose, type, total budget, planned period, quantity, price range, and method, must also be disclosed via the Market Observation Post System (MOPS).<\/p>\n\n\n\n<p>Setting the buyback price range is a key concern for the market. Companies consider multiple factors, such as the current stock price, historical averages, volatility, reason for repurchase, and buyback timeline, to ensure the price range is reasonable and does not mislead investors.<\/p>\n\n\n\n<p>According to FSC guidelines, the buyback price should typically fall within 150% of the highest average closing price from the past 10 or 30 trading days prior to the board resolution, and 70% of the closing price on the resolution day. If the stock price moves beyond the set range, the company must suspend the repurchase unless the board has previously resolved that purchases can continue even below the lower limit. If necessary, the company can adjust the price range and disclose the revised buyback plan before proceeding.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_a_Company_Required_to_Disclose_Buyback_Progress\"><\/span><strong>Is a Company Required to Disclose Buyback Progress?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Yes. Once a company repurchases at least 2% of its total outstanding shares or spends over NT$300 million, it must publicly disclose this information within two days. If the buyback continues and reaches the same threshold again (another 2% or NT$300 million), further announcements are required.<\/p>\n\n\n\n<p>Companies must provide regular updates to keep investors informed of the latest treasury stock activities. Suppose&nbsp; a company does not fully execute the repurchase plan within the designated period. In that case, it must obtain a new board resolution to continue the buyback and make the necessary disclosures in accordance with the regulations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_Must_Treasury_Stock_Be_Retired\"><\/span><strong>When Must Treasury Stock Be Retired?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>According to Article 28-2 of the Securities and Exchange Act, companies must transfer repurchased shares to employees within five years. If the shares are not transferred within this period, they will be deemed unissued shares and must be canceled through a capital reduction and registration update.<\/p>\n\n\n\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Track_Treasury_Stock_Buyback_Activities\"><\/span><strong>How to Track Treasury Stock Buyback Activities<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tracking_Method_1_Market_Observation_Post_System_MOPS\"><\/span><strong>Tracking Method 1: Market Observation Post System (MOPS)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The most common way to monitor treasury stock transactions is through the <a href=\"https:\/\/emops.twse.com.tw\/server-java\/t58query\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Market Observation Post System (MOPS)<\/a>. Navigate to \u201cInvestment Section\u201d \u2192 \u201cTreasury Stock Information\u201d \u2192 \u201cTreasury Stock Summary Report\u201d to access key details such as the purpose, type, total budget, planned buyback period, and quantity of treasury stock repurchases. This platform provides essential data for investors to track a company&#8217;s buyback activities effectively.<\/p>\n\n\n\n<p><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/6_AD_4nXdECqGyTDo9T95AUcU74SLnlCsk7Ot97uLIkoxqFcRSnXA_tV4jf4t9ZT24g6prs_3CfRlrceJBH41093SoNb6OgUEsBJXwW3GnI2ZI6fRa9lWDdeYMfj1yCeVhP0Frh2ot6wLwVwkeyoSm745kh7do3OXKi14_4NomK.png\" style=\"width: 900px;\"><\/p>\n\n\n\n<p class=\"has-text-align-center\">Figure 1, MOPS website\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tracking_Method_2_TEJ_Event-Driven_Data\"><\/span><strong>Tracking Method 2: TEJ Event-Driven Data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>TEJ Event-Driven Data is an excellent resource for a more in-depth analysis of how treasury stock buybacks impact stock prices. Unlike the basic information available on the MOPS, TEJ provides additional key data, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Actual buyback start and end dates<\/li>\n\n\n\n<li>Percentage of shares already held at the time of resolution<\/li>\n\n\n\n<li>Buyback amount as a percentage of current assets<\/li>\n<\/ul>\n\n\n\n<p>Moreover, TEJ provides a comprehensive dataset for quantitative analysis, enhancing the accuracy of your research. It also offers customizable search filters, enabling more efficient and precise tracking of treasury stock buyback activities.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.tejwin.com\/en\/databank-solution\/event-driven-data\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/6_AD_4nXfXbnq0_QcgF9JCjbwCVahbL-pNKcrlAMN_IBiCBAy3g66v3Zo3YBm6qtCikws7EzqZVi_w_TbW5k56kKcOYnCFlfjd-eDTEVsToTzrFahREjn-BXyO-8raLzKVVoTHUuGCWUUx_AkeyoSm745kh7do3OXKi14_4NomK.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.tejwin.com\/en\/databank-solution\/event-driven-data\/\"><\/a><\/p>\n\n\n\n<p class=\"has-text-align-center\"><img decoding=\"async\" style=\"width: 900px;\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/6_AD_4nXeo7kmuFA1Q2PoThE_SV2esycN7M8YX0sfgfyDo5QjWNcqNibgCS4JsgdMj3eXfzYtEG1kTzOKM6pRe5iZreiX9m6VFU_ofM5ecv-o9W62gjtuSMtVn5m6-5GwbCtEfl9NZcs7XkeyoSm745kh7do3OXKi14_4NomK.png\">Figure 2, TEJ Treasury Stock Data<\/p>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TEJ_Data_Solutions_for_Event-Driven_Investment\"><\/span><strong>TEJ Data Solutions for Event-Driven Investment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Event-driven investments offer profitable opportunities but require careful execution. Hence, high-quality data becomes essential for identifying opportunities and making informed investment decisions to generate returns.&nbsp;<\/p>\n\n\n\n<p>As a reliable financial and economic data provider, <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"><a href=\"https:\/\/www.tejwin.com\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\">TEJ<\/a> <\/mark>offers comprehensive solutions tailored for event-driven strategies. Our dataset encompasses crucial information, including <strong>treasury stock transactions,<\/strong> dividend policies, corporate mergers, spin-offs, equity changes, and more, allowing investors to create precise strategies targeted at the Taiwanese stock market.\u00a0<\/p>\n\n\n\n<p>Besides, established upon the Point in Time Architecture (PTA) approach, TEJ\u2019s database preserves the corporate event\u2019s full chronology, tracking each stage from announcement to completion. TEJ also retains accurate information about the dates and processes of every event. As such, investors can implement rigorous analysis for effective event-driven strategies.<\/p>\n\n\n\n<p>Additionally, TEJ ensures that all data is updated in a timely manner, allowing investors to identify market fluctuations and capture opportunities. With these prompt updates, investors can also adjust their investment strategies accordingly to ensure their portfolios are up-to-date.<\/p>\n\n\n\n<p>Ready to get started? Explore TEJ\u2019s <a href=\"https:\/\/www.tejwin.com\/en\/databank-solution\/event-driven-data\/\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">event-driven data solutions<\/mark><\/a> today and refine your investment approach!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Extended_Reading\"><\/span><strong>Extended Reading<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.tejwin.com\/en\/insight\/event-driven-investing\/\">What is Event-Driven Investing: Common Strategies &amp; Examples<\/a><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.tejwin.com\/en\/news\/quantitative-investment\/\" target=\"_blank\" rel=\"noreferrer noopener\">TEJ Quantitative Investment Database<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Treasury stock refers to shares that a company repurchases using its own cash. These shares can either be held for future issuance or retired permanently, removing them from market circulation. Typically, companies set an upper limit on the number of shares they plan to buy back. However, the actual number of shares repurchased determines the execution rate\u2014the ratio of shares actually repurchased to the total planned buyback volume. A high execution rate indicates aggressive buybacks, whereas a low execution rate suggests the company may be exercising caution based on market conditions.<\/p>\n","protected":false},"featured_media":28758,"template":"","tags":[3372,3237],"insight-category":[689],"class_list":["post-27973","insight","type-insight","status-publish","has-post-thumbnail","hentry","tag-financial-data","tag-financial-knowledge","insight-category-market-research"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight\/27973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight"}],"about":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/types\/insight"}],"version-history":[{"count":27,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight\/27973\/revisions"}],"predecessor-version":[{"id":40762,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight\/27973\/revisions\/40762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media\/28758"}],"wp:attachment":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media?parent=27973"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/tags?post=27973"},{"taxonomy":"insight-category","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight-category?post=27973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}